USDA Export Position Price Spreads for Grains: GIPSA (1994) sets grain standards and ensures fair trading, while AMS creates marketing opportunities. The WASDE report provides monthly forecasts for U.S. and global agricultural supply/demand estimates
USDA Export Position Price Spreads for Grains
The Grain Inspection, Packers, and Stockyards Administration (GIPSA) was established in 1994 to facilitate the marketing of livestock, poultry, meat, cereals, oilseeds, and related agricultural products, and to promote fair and competitive trading practices for the overall benefit of consumers and American agriculture.
The Agency's mission is carried out in two different segments of American agriculture.
The Federal Grain Inspection Service provides the U.S. grain market with Federal quality standards and a uniform system for applying them.
The Packers and Stockyards Programs (P&SP) enforces the Packers and Stockyards Act of 1921 (P&S Act), 7 U.S.C. 181 et seq., to promote fair and competitive marketing environments for the livestock, meat, and poultry industries.GIPSA also certifies State central filing systems for notification of liens against farm products.
GIPSA is responsible for establishing official U.S. standards for grain and other assigned commodities, and for administering a nationwide official inspection and weighing system..
The Agricultural Marketing Service (AMS) administers programs that create domestic and international marketing opportunities for U.S. producers of food, fiber, and specialty crops.
AMS also provides the agriculture industry with valuable services to ensure the quality and availability of wholesome food for consumers across the country and around the world.
USDA World Agricultural Supply and Demand Estimates
The World Agricultural Supply and Demand Estimates (WASDE) is prepared and released by the World Agricultural Outlook Board (WAOB).
The report is released monthly, and provides annual forecasts for supply and use of U.S. and world wheat, rice, coarse grains, oilseeds, and cotton.
The report also covers U.S. supply and use of sugar, meat, poultry eggs and milk, as well as Mexico's supply and use of sugar.
The WAOB chairs the Interagency Commodity Estimates Committees (ICECs), which include analysts from key USDA agencies who compile and interpret information from USDA and other domestic and foreign sources to produce the report.
(Also Called: USDA Crop Report)